A mechanism being developed for converting cryptocurrency raised during the ICO into fiat funds
There are several thousand cryptocurrencies in the world. Until recently, they were considered human property. But on December 2, the Verkhovna Rada legalized the cryptocurrency market. The use of virtual assets has become faster and easier. If you need a high-quality cryptocurrency conversion, contact Conals specialists.
Cryptocurrency conversion and ICO
ICO (or Initial Coin Offering) is an initial coin offering. Often, the term "crowd sale" is used together with the concept of ICO.
In the process, project specialists sell digital tokens for cryptocurrency or fiat money. This money can then be used on the project's platforms as an internal currency and traded on the exchange.
By issuing its own tokens and exchanging them for popular cryptocurrencies (e.g., Bitcoin or Ethereum) or fiat currencies (dollars or euros), the project raises the funding it needs to launch or develop. As a rule, ICOs are held in the early stages of a project's existence, before its full-fledged infrastructure is created. The funds raised are used to finance the final stage of development, marketing, or are directed to special development funds to support projects in the long term.
How to convert cryptocurrency?
If you are planning to invest in currencies for profit, you need to understand that cryptocurrencies are investments with high returns and equally high risk. Cryptocurrencies are extremely volatile, which means that you can suffer significant monetary losses of your savings if you start investing without being armed with certain knowledge.
The cryptocurrency conversion mechanism involves several stages:
- Choosing a cryptocurrency exchange or broker. Many people confuse these concepts, making them equal. But they are completely different. A cryptocurrency exchange is a place where you can trade cryptocurrencies. A broker is an intermediary between a buyer and a seller.
- Create an account. To do this, you need to register on the platform of your choice, going through several types of user identity verification. This guarantees protection from fraudsters.
- Deposit currency. To purchase cryptocurrency, you must have fiat funds in your account. You can deposit money via bank transfer or credit card.
- Choosing a cryptocurrency. It all depends on your preferences. After all, as soon as you deposit funds, hundreds of cryptocurrencies will become available to you.
- Choosing a storage method. You should not count on maximum protection of your investment. For this purpose, you should use a hot or cold wallet.
Professional cryptocurrency conversion
If you need a high-quality development of a cryptocurrency conversion mechanism, contact the specialists of Conalz. You will receive:
- prompt assistance;
- high quality service;
- consultations;
- individual approach;
- low prices for services.
To learn more, please contact the company's representatives. Contact details are available on the website.